Increases the lump sum death benefit payable to the heirs or estate of a 1977 fund member. Provides that a 1977 fund member may extend their deferred retirement option plan (DROP) retirement date up to 60 months after the member entered the DROP. Makes conforming changes.
Subjects
FIREFIGHTERS; GenerallyLAW ENFORCEMENT; GenerallyPENSIONS AND RETIREMENT BENEFITS; Public Retirement System (INPRS)PENSIONS AND RETIREMENT BENEFITS; Public Retirement System (INPRS)PENSIONS AND RETIREMENT BENEFITS; Public Retirement System (INPRS)